Team Name:
Team SwitchCase
Team Members:
Team SwitchCase
Australia is ranked 18 among 190 economies in the ease of doing business.
With time Australia is becoming more attractive place to launch and run a start-up, having jumped to the fifth-most start-up-friendly country in the world according to the StartupBlink Startup Ecosystem Rankings 2019 report.
There are lots of resources and services provided by government to help aspiring founders. However, many a times founders are unable to make the right decisions due to no single view of insights regarding their industry in a single place.
Our portal uses multiple data sources from government to provide predictive analytics and insights in a user-friendly manner to any aspiring start-up founder. All they need to do is select the broad business category/industry for their start-up.
The portal will give insights and provide predictions, so the start-up founder can make informed choices. The current insights are:
• employment growth,
• gender demographics,
• industry health,
• successful business that have received government assistance etc
• It will also suggest them the innovation precincts related to their business category so that they can collaborate.
Currently the portal is a Proof of concept and works at a broad industry level. It can be further expanded:
• Expand the business category to fine industry level. For e.g. Within Broad Industry “Manufacturing” there are multiple fine industry categories such as “Bakery Product Manufacturing” , “chemical Manufacturing” etc.
• Link it to planning portals for start-up founders to understand what developments are upcoming in which are for them to choose the best location
• Train the Predictive model with more industry data to provide better analytics for the start-up founders.
We have used multiple data sets across a wide range of categories all relating to taxation, business categories, labour participation from the following sources:
• ATO – Australian Taxation office
• NEIS - New Enterprise Incentive Scheme
• LMIP - Labour Market Information Portal
• Australian Innovation precincts
These data sets contain lot of information that can be used by any aspiring start-up founder or business owner to help them with strategic planning and business risk management. However due to the different formats and multiple sources there is no coherent story.
Our website combines all these data to provide a single story to any prospective startup or business founder.
Description of Use Link Startup founders with the NEIS insights
Description of Use We have used the labour market and participation data to predict employment growth rate in any specific business category.
Description of Use We have used taxation statistics - profit/loss for companies to predict growth trajectory for each category of business.
Description of Use The project uses the innovation precinct location and category data to provide guidance to startup founders.
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